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Can I refinance a construction loan into an RD loan?

We were originally approved for an RD loan in Maine, but we couldn't find a home that we liked in our price range. So we decided to build. We have a construction loan and are currently building in Standish. Once the house is built and we have to refinance to a mortgage, can we refinance to an RD or do we have to have a regular mortgage?
  • August 07 2013 - Standish
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Answers (1)

Unfortunately you can only refinance via RD when you currently have a USDA loan. There is no product offered otherwise Good luck with everything and your new home!
  • August 07 2013
  • 0Yes

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